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Monday, December 29, 2003

Hedge Fund Names New Sales Chief

by: Nicole Halsey

PlusFunds, a New York-city based hedge fund firm, has found a new sales chief.

Michael Mikytuck has been tapped to lead the firm's retail sales and distribution efforts, a new position.

Mikytuck will spearhead PlusFunds' efforts to expand its group of partners and broker/dealers which use products based on the S&P Hedge Fund Index for distribution within their own networks.

Over Mikytuck's 18 years in the financial services industry he has held senior positions in management, sales and marketing. He began his career in 1985 as an analyst and later spent several years as a portfolio manager for both institutional and high net worth clients before moving into sales and marketing. He's worked for firms such as Fiduciary Trust (now part of Franklin Templeton Investments), Van Eck Global and Pareto Partners.

PlusFunds manages more than $900 million in hedge fund assets. 

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